Godrej Properties Ltd. has strengthened its Pune portfolio with the acquisition of an approximately 8.5-acre land parcel in Mahalunge through an outright purchase, the company announced.
The proposed project will mainly comprise group housing and is expected to offer a developable potential of around 2.1 million square feet. Based on current business assumptions, the development carries an estimated revenue potential of approximately INR 2,000 crore.
The land is situated in the Mahalunge–Maan–Nande belt and is part of the Mahalunge–Hinjewadi micro-market. It is located near the upcoming Pune Inner Ring Road and along the rapidly developing Hinjewadi–Balewadi corridor.
The area offers well-developed social infrastructure, including premier educational institutions such as Delhi Public School, Mahindra International School and the Symbiosis Centre for Management. It also provides access to Baner–Balewadi and Hinjewadi, two of Pune’s key IT and BFSI hubs.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “Pune is one of India’s most vibrant urban centers, driven by robust infrastructure development and thriving commercial hubs. Mahalunge, with its strategic connectivity and well-planned social ecosystem, demonstrates the city’s growth story and offers customers an ideal blend of convenience and quality living. Acquiring this land parcel marks an important step in our broader strategy to strengthen our presence in Pune and expand across high-potential micro-markets in India’s leading cities. We will aim to deliver thoughtfully designed spaces that create long-term value for residents and meet evolving customer aspirations.”
